State Auto Financial (STFC) Raised to “Buy” at BidaskClub

State Auto Financial (NASDAQ:STFC) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Several other equities analysts have also recently commented on the stock. ValuEngine upgraded shares of State Auto Financial from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Zacks Investment Research cut shares of State Auto Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 15th. Finally, Keefe, Bruyette & Woods set a $30.00 price target on shares of State Auto Financial and gave the company a “hold” rating in a report on Monday, August 6th.

NASDAQ STFC opened at $31.46 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.05 and a current ratio of 0.05. State Auto Financial has a twelve month low of $22.69 and a twelve month high of $34.31. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -78.65 and a beta of 0.79.



State Auto Financial (NASDAQ:STFC) last posted its quarterly earnings results on Monday, August 6th. The insurance provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.14). State Auto Financial had a negative net margin of 0.82% and a negative return on equity of 0.25%. The company had revenue of $341.70 million for the quarter, compared to analysts’ expectations of $332.10 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. equities analysts expect that State Auto Financial will post 1.1 earnings per share for the current year.

In related news, insider Steven Eugene English sold 20,234 shares of State Auto Financial stock in a transaction on Friday, June 29th. The shares were sold at an average price of $30.62, for a total value of $619,565.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Matthew Stanley Mrozek sold 2,500 shares of State Auto Financial stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $30.56, for a total transaction of $76,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,023 shares of company stock valued at $1,345,515. 1.97% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in shares of State Auto Financial in the 2nd quarter valued at $101,000. Lincoln National Corp acquired a new stake in shares of State Auto Financial in the 2nd quarter valued at $205,000. Legal & General Group Plc lifted its stake in shares of State Auto Financial by 60.2% in the 1st quarter. Legal & General Group Plc now owns 6,913 shares of the insurance provider’s stock valued at $197,000 after purchasing an additional 2,599 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of State Auto Financial in the 4th quarter valued at $231,000. Finally, Gabelli Funds LLC lifted its stake in shares of State Auto Financial by 66.7% in the 1st quarter. Gabelli Funds LLC now owns 20,000 shares of the insurance provider’s stock valued at $571,000 after purchasing an additional 8,000 shares during the last quarter. 35.32% of the stock is owned by institutional investors and hedge funds.

About State Auto Financial

State Auto Financial Corporation, through its subsidiaries, engages in writing personal, business, and specialty insurance products. It operates through four segments: Personal Insurance, Commercial Insurance, Specialty Insurance, and Investment Operations. The Personal Insurance segment primarily provides personal automobile, homeowners insurance, and other personal insurance products.

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